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Evaluating the Capacity of Standard Investment Appraisal Methods

Akalu, Mehari Mekonnen - Tinbergen Instituut - 2002

The survey findings indicate the existence of gap between theory and practice of capital budgeting. Standard appraisal methods have shown a wider project value discrepancy, which is beyond and above the contingency limit. In addition, the research has found the growing trend in the use of value...

Persistent link: https://www.econbiz.de/10011256495

A Monte Carlo Comparison between the Free Cash Flow and Discounted Cash Flow Approaches

Akalu, Mehari Mekonnen; Turner, Rodney - Tinbergen Instituut - 2002

One of the debates in the capital budgeting model selection is between the free cash flow and DCF methods. In this paper an attempt is made to compare SVA against NPV model based on Monte Carlo simulations. Accordingly, NPV is found less sensitive to value driver variations and has got higher...

Persistent link: https://www.econbiz.de/10011257488

Defensive Disclosure under Antitrust Enforcement

Bhaskarabhatla, Ajay; Pennings, Enrico - Tinbergen Instituut - 2012

We formulate a simple model of optimal defensive disclosure by a monopolist facinguncertain antitrust enforcement and test its implications using unique data on defensivedisclosures and patents by IBM during 1955-1989. Our results indicate that strongerantitrust enforcement leads to more...

Persistent link: https://www.econbiz.de/10011257572

Radical Innovation and Network Evolution

Phlippen, Sandra; Riccaboni, Massimo - Tinbergen Instituut - 2007

This paper examines how a radical technological innovation affects alliance formation of firms and subsequent network structures. We use longitudinal data of interfirm R&D collaborations in the biopharmaceutical industry in which a new technological regime is established. Our findings suggest...

Persistent link: https://www.econbiz.de/10011257059

Employee Recognition and Performance: A Field Experiment

Bradler, Christiane; Dur, Robert; Neckermann, Susanne; … - Tinbergen Instituut - 2013

unannounced, public recognition on employee performance. We hired more than 300 employees to work on a three-hour data-entry task …. In a random sample of work groups, workers unexpectedly received recognition after two hours of work. We find that … recognition increases subsequent performance substantially, and particularly so when recognition is exclusively provided to the …

Persistent link: https://www.econbiz.de/10011256211

Employment Assimilation of Immigrants in the Netherlands

Zorlu, Aslan; Hartog, Joop - Tinbergen Instituut - 2008

surveys, employment assimilation of immigrants is examined. We observe marked differences between immigrants by source country …

Persistent link: https://www.econbiz.de/10011256701

A Field Experiment in Motivating Employee Ideas

Neckermann, Susanne; Gibbs, Michael; Siemroth, Christoph - Tinbergen Instituut - 2014

We study the effects of a field experiment designed to motivate employee ideas, at a large technology company. Employees were encouraged to submit ideas on process and product improvements via an online system. In the experiment, the company randomized 19 account teams into treatment and control...

Persistent link: https://www.econbiz.de/10011272603

Collusion through Joint R&D: An Empirical Assessment

Duso, Tomaso; Roeller, Lars-Hendrik; Seldeslachts, Jo - Tinbergen Instituut - 2010

This paper tests whether upstream R&D cooperation leads to downstream collusion. We consider an oligopolistic setting where firms enter in research joint ventures (RJVs) to lower production costs or coordinate on collusion in the product market. We show that a sufficient condition for...

Persistent link: https://www.econbiz.de/10011256042

Pros and Cons of ‘Backing Winners’ in Innovation Policy

Butter, Frank A.G. den; Jo, Seung-gyu - Tinbergen Instituut - 2009

In the economics profession there is a fierce debate whether industrial and innovation policy should be targeted to specific sectors or firms. This paper discusses the welfare effects of such targeted policies from the perspective of strategic game theory of the firm. A theoretical case for...

Persistent link: https://www.econbiz.de/10011256762

Subsidizing the Adoption of Energy-Saving Technologies: Analyzing the Impact of Uncertainty, Learning and Maturation

Groot, Henri L.F. de; Mulder, Peter; Soest, Daan P. van - Tinbergen Instituut - 2004

As part of the Kyoto Protocol, many countries have committed themselves tosubstantially reduce the emission of greenhouse gases within a politically imposed timeconstraint. Investment subsidies can be an important instrument to stimulate the adoption ofenergy-saving technologies to achieve...

Persistent link: https://www.econbiz.de/10011257124